DON'T BUY A CAR in 2024 until you see THIS VIDEO (FTC - CarShield) Kevin Hunter The Homework Guy
If you've ever bought an Extended Warranty, you need to know why the FTC hit CarShield (Car Shield) with a $10 Million Fine! The Homework Guy breaks down how the FTC CARS RULE is already helping consumers despite the efforts of NADA and Congress to block funding the FTC. More on that coming up!
SUBSCRIBE ON YOUTUBE / kevinhunter #Car #dealership #cars #usedcars #carsforsale #TheHomeworkGuy THE BEST CAR BUYING ADVICE YOU CAN FIND is published by The Homework Guy Team (THG)! We’re the team of Auto Experts, Finance Gurus, and Car Pricing Strategists that well over 45 Million Car Buyers have come to know and trust.
VISIT OUR WEBSITE: https://thehomeworkguy.com
WANT TO LEAVE A TIP FOR THE HOMEWORK GUY TEAM?
https://www.paypal.me/consumeradvice or https://cash.app/$TheHomeworkGuy
WE THANK YOU IN ADVANCE! WE APPRECIATE YOU SUPPORTING OUR MISSION!
JOIN US ON OTHER SOCIAL MEDIA!
Facebook: / thehomeworkguy
Twitter: / thehomeworkguyz
HASSLE FREE CAR BUYING SERVICE Available now! Click here to get started: https://thehomeworkguy.com/thg-team-c...
On July 31st, the FTC published several articles and court documents about Car Shield. The FTC says CarShield didn’t cover car repairs as advertised. Sorry to say, we've heard so many extended warranty horror stories, this news doesn’t surprise us very much! If a company selling car service contracts had tons of exceptions and exclusions to their coverage, wouldn’t you want to know? YES! But the FTC says CarShield conveniently, or rather, inconveniently, left that part out.
How to Cancel an Extended Warranty and GET YOUR MONEY BACK
Contact the provider
1. You can find contact information in your policy paperwork. If you recently purchased the warranty, you can call the finance manager who sold it to you. For third-party warranties, you might need to call or write a letter to the company. If the dealer finance manager gives you any pushback, go to the dealer accounting offices instead.
2. Explain your intent
Be firm and state that you want to cancel your plan. The warranty company may try to retain your business, so you might be routed to a retention specialist. Just keep saying NoThanks!
3. Follow instructions
The provider may ask you to complete a cancellation form, provide proof of odometer reading, or bring the form to a dealership. If you cancel by phone, you should get the contact's name and a cancellation number to keep for your records.
4. Submit the required documentation
You might need to sign and even notarize the cancellation form, but get it done. If you're bringing the form to a dealership, you might need to get a signed copy from them. You should always keep copies of any correspondence you send and documentation you provide to support your request, because after all, you know who you’re dealing with!.
5. Follow up
After a few days, you should receive a cancellation confirmation, such as an email, text message, or mail receipt. If you're due a refund, it’s likely to be a prorated amount, but you should follow up until you actually receive a credit.
